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Mark to market a short Eurodollar futures position with June delivery at 93.75 if daily IMM Index settlement prices are Day 1: 93.50 Day 2:
Mark to market ashort Eurodollar futures position with June delivery at 93.75 if daily IMM Index settlement prices are
Day 1: 93.50
Day 2: 93.25
Day 3: 93.46
Day 4: 93.98
Day 5: 94.25
Day 6: 94.00
List the margin account balances at the end of each trading day and specify (i) whether an additional margin is required on any given day and, (ii) if a margin call is issued, how much must be deposited to your margin account. Assume that the initial margin is $3,000; the maintenance margin is $2,000, and the tick value is 1 b.p. = $25. Please Show work
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